SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

WTO.Thmb.jpg 'India will not compromise with food subsidy at WTO'

anand-sharma-bali2013.JPG
Union Minister of Commerce and Industry, Anand Sharma arriving at G-33 meeting ahead of WTO Ministerial in Bali Indonesia on Dec 2.
   Top Stories
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
SME Times News Bureau | 02 Dec, 2013
India Sunday gave a clear signal that it will be firm on the core agenda of food security while pursuing a constructive dialogue at the ministerial conference of World Trade Organization (WTO) at Bali Dec 3-6.

An official release said Commerce Minister Anand Sharma, who is leading a 30-member delegation for the ninth ministerial conference of WTO, would unequivocally convey to his interlocutors that India's concerns on food security were non-negotiable.

Sharma is likely to raise the issue of the subsistence farmers of India strongly at the G-33 meeting being convened Monday at Bali ahead of the conference.

The release said Sharma will underscore the need to have a fair and balanced outcome, which addresses the concerns of developing countries adequately, especially so on food security.

"India's public stockholding programme for public distribution system cannot be compromised for minor gains of the developed countries," the release said.

Sharma has indicated that India will be firm on the core agenda of food security, while being persuasive and constructive, it said.

Sharma is also likely to underscore India's commitment for the Least Developed Countries (LDC) agenda where it has taken a unilateral decision for zero duty access covering 96.2 percent of tariff lines.

"India will demonstrate its constructive engagement, as it has unequivocally endorsed three out of the five issues under consideration of the WTO - LDC issues, tariff rate quota and export competition," the release said.

Sharma will pitch for a balanced outcome which addresses India's food security concerns "in spite of the strong head winds in Bali with the developed countries likely to oppose a lasting agreement on food security".
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
Will the Budget 2024 be MSME friendly
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter